Abstract
Chapter 10 examines how the provisions Chapter IV of the Model Law have been enacted by the five nominated States:
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Notes
- 1.
See, e.g., Re Awal Bank BSC, 455 BR 73, 81 (Bankr, SD NY, 2011).
- 2.
Explanatory Memorandum, Cross-Border Insolvency Bill 2008 (Cth) 33 [73].
- 3.
Fletcher, Insolvency in Private International Law, National and International Approaches see footnote 42, 482 [8.66].
- 4.
Sheldon, see footnote 146, 138 [3.122].
- 5.
E.g. under the bankruptcy laws in Australia, New Zealand and the United Kingdom and Chapter 11 proceedings in the United States of America.
- 6.
Ho, see footnote 75, 242.
- 7.
11 USC § 1528 (2012).
- 8.
455 BR 73, 82 (Bankr, SD NY 2011).
- 9.
Ibid 81.
- 10.
Explanatory Memorandum, Cross-Border Insolvency Bill 2008 (Cth) 33 [78].
- 11.
See comments below in Chapter 11.3.7.
- 12.
Wessels, Markell and Kilborn, see footnote 14, 210.
- 13.
Explanatory Memorandum, Cross-Border Insolvency Bill 2008 (Cth) 34 [78].
- 14.
Sarra, see footnote 75, 53-4.
- 15.
Companies Creditors Arrangement Act, RSC 1985, c C-36, ss 54–55; Bankruptcy and Insolvency Act, RSC 1985, c B-3 ss 277–278.
- 16.
Golick and Wasserman, in Ho, see footnote 75, 97.
- 17.
United Nations Commission on International Trade Law, Guide to Enactment of The UNCITRAL Model Law on Cross-Border Insolvency, UN Doc A/CN.9/442 (19 December 1997) as approved by GA Res A/RES/52/158 (1997) (30 January 1998) and amended by GA Res A/RES/68/107 (2013) (16 December 2013) [236].
- 18.
See Corporations Act 2001 (Cth) ss 459B, 464; Winding-up and Restructuring Act, RSC 1985, c W-11 s 10; Companies Act 1993s 241(4) (NZ); Insolvency Act 1986 c45 s 122; In the USA the necessary perquisites for involuntary proceedings are set out in 11 USC § 303 (2012) and relate to a debtor having at least $10,000 being owed.
- 19.
United Nations Commission on International Trade Law, Guide to Enactment of The UNCITRAL Model Law on Cross-Border Insolvency, UN Doc A/CN.9/442 (19 December 1997) as approved by GA Res A/RES/52/158 (1997) (30 January 1998) and amended by GA Res A/RES/68/107 (2013) (16 December 2013) [45, 228].
- 20.
Bankruptcy Act 1966 (Cth) s 43; Bankruptcy and Insolvency Act, RSC 1985, c B-3 s 42, Insolvency Act 2006 ss 16–28 (NZ); Insolvency Act 1986 c45 ss 267–268.
- 21.
11 USC § 1511 (2012).
- 22.
Corporations Act 2001 (Cth) s 459A; Winding-up and Restructuring Act, RSC 1985 c W-11 s 10(c) Companies Act 1993 (NZ) s 241(4); Insolvency Act 1986 c45 s 122(f); 11 USC § 303.
- 23.
Ho, see footnote 75, 165.
- 24.
For an explanation of English principle of hotchpot see generally McGrath v Riddell [2008] 3 All ER 869, 886 [50]; Fletcher, Insolvency in Private International Law, National and International Approaches see footnote 42, 485 [8.70]; Sheldon, see footnote 146, 483-8 [14.6]–[14.18].
- 25.
Explanatory Memorandum, Cross-Border Insolvency Bill 2008 (Cth) 35 [82].
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Hannan, N. (2017). Comparative Analysis of the Enactment and Interpretation of Chapter V of the Model Law on Cross-Border Insolvency—Concurrent Proceedings. In: Cross-Border Insolvency. Springer, Singapore. https://doi.org/10.1007/978-981-10-5876-9_10
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